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題名:Determinants of Corporate Social Responsibility in the Financial Industry
書刊名:企業管理學報
作者:江明娣
作者(外文):Chiang, Ming-ti
出版日期:2018
卷期:116
頁次:頁77-94
主題關鍵詞:企業社會責任迎合Corporate social responsibilityCatering
原始連結:連回原系統網址new window
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  • 被引用次數被引用次數:期刊(0) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:0
  • 共同引用共同引用:6
  • 點閱點閱:7
本文發展出企業社會責任貼水為不同時期投資人對企業社會責任偏好的代理變數,並探討是否當投資人對企業社會責任偏好較高時,會有較多的企業社會責任投資。本文發現當企業社會責任貼水高時,金融機構更有可能去從事企業社會責任。進一步分析發現,規模較小、獲利較差或具較低間接成本的金融機構,比較會迎合投資人。薪酬較低的經理人也比較會迎合市場投資人對企業社會責任的需求。
I develop a CSR premium to proxy for time-varying investor preferences for corporate social responsibility (CSR) to examine whether CSR investments are higher during periods with a larger investor demand for CSR. I find that financial institutions are more likely to act in socially responsible ways if the CSR premium is high. Furthermore, the catering behavior mainly occurs among small and less profitable financial institutions, as well as financial institutions with lower overhead costs. Lower-compensated managers are also prone to cater to market CSR demand.
期刊論文
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